If you are sued by a credit card company, the judgment against you may end in a wage garnishment, a lien against your property or a levy on your checking account. Consult an attorney when getting sued by a credit card company with advice from the owner of a debt settlement company in this free video on credit cards.
Hi, my name is Peter Repak. I'm the owner of Clear Financial LLC, a debt negotiation company. What happens if you're sued by a credit card company? Well, I'm not a legal adviser. You have to check with a qualified attorney on what really applies in your local state law. Can a credit card company sue you? Yes. What happens? Well, that means you haven't paid your credit card debt for a very, very long time. For a credit card company to bring a lawsuit against you, it is a challenge even for them. It's a very, very rough period, but they can do it, and they do this pretty, pretty amazingly and very, very fast now these days. What is that going to actually accomplish? They're going to accomplish one thing, for sure -- you're going to get a judgment against you if it goes into court that you do owe the debt what they're say that you owe to them. Other than that, they can have certain proceedings by the court and request to put, maybe, a wage garnishment on you if you live on those states where it's possible. Or they can put a lien on your property. Or they can put a levy on your checking or savings account. But they have to have a court proceeding to do this. If you simply don't show up in the court for this because it's a civil matter, you're going to end up with a default judgment. But again, please consult with a qualified attorney on this because I cannot really give you legal advice, but that's pretty much what you have to know about this. My name is Peter Repak, I'm the owner of Clear Financial LLC, a debt negotiation company. Thank you for watching.